Consumer Sentiment Slips in February

Ann Arbor, MI, February 16, 2007-- Consumer sentiment slipped slightly in February after a big gain in the previous month, according to researchers at the University of Michigan on Friday.

The consumer sentiment index retreated to 93.3 in February after jumping to 96.9 in January from 91.7 in December.

The drop in February was lower than expected.

The consensus forecast of Wall Street economists was for sentiment to slip to 96.2.

The current conditions index fell to 108.3 in February from 111.3 in January. The expectations index slipped to 83.7 from 87.6 in the previous month.